Economy gets worse every week

AIG got $30 billion more to help stabilize the company. General Motors say they need almost $8 billion more to remain viable even thought their auditor said in a report to the Securities and Exchange Commission that he doubts the company can be viable and that GM should seek protection under bankruptcy law. How much more bailing out of failing companies are we going to do? We are giving banks money, hoping they will start lending again but if banks have to change the way they do business and tighten their restrictions, many small businesses and individuals won’t be qualify for loans. While they wait for this supposed bailout to kick in, they are incurring debt, getting behind on payments and maybe considering bankruptcy or facing foreclosure. I’m all for having patience and giving the new administration a chance but what do I do if I feel we’re heading toward the cliff faster than we were before because the solution does more harm than good? I hope President Obama’s economic team is the radical miracle workers he thinks they are because if not, America is done being considered land of making dreams come true. We may be in for a long nightmare.